FRIENDS OF KING A NONPROFIT CORPORATION (EIN 271638183) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

Letania Kirkland Smith

Phone

8186751072

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF KING A NONPROFIT CORPORATION, founded in 2009, is a small nonprofit in the Education sector that reported $163K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $195K exceeded revenue, resulting in a 20% operating deficit.

Mission

Friends of King is a 501c3 non-profit organization of volunteer parents dedicated to enriching education and fostering community at Thomas Starr King Middle School.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $163,117

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $163,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $12,078

Program Expenses $178,031

Other Expenses $195,385

TOTAL EXPENSES $195,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,117	$188,983	-0.1%
Expenses	$195,385	$281,209	-0.3%
Net Income	$-32,268	$-92,226	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Letania Kirkland Smith	Co-President	3.00	Officer	$0	$0	$0
Mikhaela Cielo	Co-President	3.00	Officer	$0	$0	$0
Luke Anderson	Vice-President	3.00	Officer	$0	$0	$0
Jessika Garcia	Co-Treasurer	3.00	Officer	$0	$0	$0
Emily Kosloski	Co-Treasurer	3.00	Officer	$0	$0	$0
Olivia Ku	Secretary	3.00	Officer	$0	$0	$0
Sue Nadell-Gintell	Member at Large	3.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$163,117	$195,385	$344,995	$-32,268
2024	$188,983	$281,209	$377,263	$-92,226
2023	$253,540	$230,005	$469,489	$23,535
2022	$279,756	$188,477	$445,954	$91,279
2020	$231,795	$203,349	$363,405	$28,446
2019	$265,936	$199,582	$334,959	$66,354
2018	$380,588	$269,954	$302,865	$110,634

FRIENDS OF KING A NONPROFIT CORPORATION